Building trust for economic prosperity

Trust potentially can influence economic performance through “micro-economic” and “macro-political” channels.

PUBLIC trust is one of a country’s important foundations in governing and delivering effective public policy, driving economic prosperity and achieving better social-economic progress.

There is a positive relation existing between trust and the economy. Various studies have shown that countries’ businesses, governments and other institutions have engendered more trust experienced stronger per capita real gross domestic product (GDP) growth. It was concluded that economic growth rises by nearly one percentage point on average for each 15-percentage-point increase in trust.